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. >> present obama knows the women being paid 77 cents on the dollar for doing the same work as men is not just unfair, but it hurts families in mecca time to close that gap. john: a dollar versus 77 cents. what a horrible discrimination. says the author of "cult of power: sex discrimination in corporate america", mark the >> a good portion is absolute because of discrimination. john: why would the employ discriminate? >> some of them don't pay enough attention and so they don't realize that maybe frontline management is making decisions that are not in the best interest of women. some of them to think that they can get away with it. that goes back to the early 20th century when people pay women less because they were women and said so out lou. john: you are saying that this is still going on today? >> i'm saying that we still live in this legacy. absolutely. therwise school cafeteria workers and school custodians, why would those not be paid the same because they are the same skill level and entry-level type of job. and yes, they make more because they are predominantly male. in the cfeteria l
this is a conspiracy between me and president obama or i was soliciting money from people who had some affiliation with him. the documentary evidence is overwhelming. he committed fraud on an ongoing basis. he fleeced people who couldn't afford the money out of $40 million. maybe the most despicable thing his instructors told students, you have to raise your credit limits. call your credit card companies, get more credit if you want to succeed in real estate and folks used that increased limit to pay more money to trump and went further into debt. despicable scheme and he's going to pay for it now. >> any other name than trump, this story doesn't get any pick-up, nobody notices it. to those who say it's an opportunity for you to increase your public profile and that of your office, how do you respond? >> i'm responding to him. i mean he went in the newspapers on saturday and started talking about it. and making crazy accusations against me. so, we're not going to sit down and let him make fall accusations and lie what the case is about. this is a classic bait and switch scheme. you have to sent a
as the military shuts down demonstrations supporting deposed president mohamed morsi. president obama tonight appears to be assuming role of the great appeaser in the middle east. in northern africa and south asia, willing, it seems, to negotiate american interests and the interests of our allies with the taliban to in some interests directly affiliated with groups in al qaeda and muslim brotherhood for a
is happy the way business is right now. obama neece it clear he has no intention to stop the daily collection of phone records he promised appropriate reforms houses it i carried out the stops short to say what they will be only they will be workin with congress. ose laws stores right now onox business dhaka. we have more coming up georgetown has a new program to pay for your degree we have a report. and kids running around. you have seen this price so now restauntskids. is a legal? we will get your reaction. ♪ the boys used dble miles from their capital o venture card to fly home for the big family reunion. you must be garth's father? hello. mother. mother! traveling is easy with the venture card because you can fly any airline anytime. two words. double miles! this guy can act. wanna play dodge rock? oh, you guys! and with double miles you can actuay use, you ner miss the fun. beard growing contest and go! ♪ win! what's in your wallet? ♪ gerri: our taxpayers picking up the tab for a new generation of lawyers. loophole, pricey georgetown university law school is offering stu
notes, you said a missile attack would only make president obama look weaker. why? >> if it's just a missile attack to signal open session to chemical weapons and assad goes ahead with future chemical weapons attacks, then that makes the u.s. look irrelevant. so it has to be strong enough to deter a future use, strong enough to send a signal not only to damascus but to iran that red lines, once they're made and, you know, we can discuss the wisdom of making a red line before you no ewhat you will do to enforce it, but once the red lean is out there, it's important not only in terms of the syrian crisis but in terms of the looming iran nuclear standoff. >> so what are you advocating exactly then? if missiles are not going to be strong enough, what would be? >> i think it has to be, well, the administration has boxed itself in on this attack. but this attack only makes sense if it's a part of a broader strategy to act sell rate the fall of assad, to strengthen moderate opposition groups within the opposition coalition, because it doesn't make sense to overthrow assad if al qaeda affi
. makes sense this morning you're here even though you slept in your clothes. the obama administration's car czar during the bailout. >> look at him. you should see it. it's wrinkled. he's the author of the book "overhaul, an insider's account of the obama administration's emergency rescue of the auto industry." actually steve stayed at a very nice hotel called the holedy inn express. it's cool. i like it nearby here. >> he doesn't know anything about saving the economy. >> it's close. >> he stayed at a holiday inn express. with us msnbc political analyst and former chairman of the republican national committee michael steele, msnbc contributor mike barnicle and host of "way too early," brian shactman. steve ratner, obviously we come inside the plant, it's so exciting to see all of these cars coming in. we're bringing jobs back to america from mexico. you talk about going in the right direction. you know, gm needed the government's help, a lot of other companies needed the government's help. you were critical in making that happen. my god, ford and the people in ford, they've been maki
to change something, michelle obama has to rejigger something. what? >> charlie is making a good point. the government is trying. >> they always have good intentions. >> they should stop trying. if the guidelines are too rigid, change them. it's a good thing. >> it's starts with good intentions but you make guidelines -- >> remember the -- >> [ overtalk ] >> this doesn't work out. >> the class disparity is big-time. your local school, i'm sure there is gold plaited lunches. >> there is not. >> she's a mom with kids and knows -- >> what do you mean? >> do you think she grew up in hollywood and was on tv as a child and went to an ivy league school? jeesh! oh, you did. [ laughter ] >> all public school have the same budget and serve the same food. the notion that the government can dictate. the government has a role to suggest and encouraging but it gets -- >> what is wrong is guidelines? >> it's fine. >> if you say guideline is a guideline but if you say you must eat -- >> you're saying it's bad they eat whole wheat -- >> eat whatever they want to eat. eat whatever -- >> don't tell me wh
, and other places, the theory is the white house and obama administration is baiting the republicans now to go forward with what we were talking about was pushing for the debt ceiling debate and for shutting down the government. do you think that's what's going on at the white house? they really want it and think they can benefit from this politically? >> well, the political die dynac here is clear. that's why you are hearing from a range of republicans, especially the older, tea party republicans that history indicates that every time you come to this precipice of shutting down the government, refusing to raise the debt ceiling, republicans get blame. the leadership, republican leadership is saying we don't want it, cantor's words, in part because they see it as politically exposing them to damage in the 2014 races so it's highly a political conversation. the white house, by the way, you said, is the white house baiting them? i don't know if they are baiting them, but glad to let it wait and let republicans skewer themselves. connell: could that backfire or is it clear the republicans h
's going on in egypt. we have not heard the obama administration come out and describe this, at least publicly as a coo. he did, the president, or members of the administration, then, i guess, by definition, if there's a coo in the country, you cut off the aid. you could do that behind the scenes and not call it that. it seems like there's something going on we don't know the details yet of. >> well, i think, you know, i think the administration's trying to, you know, split hairs here and try to have the cake and eat it too, and it's not working, clearly, the egyptian government is not listening to the united states, it's very clearly listens to its more influential gulf allies right now, and our leverage is very limited, but, you know, do we also stand by and watch the military government take egypt down, what i think is a dangerous path at this point. there's an idea that they can crush the muslim brotherhood and restore stability. that's not a recipe for long term staibt. dagen: what's the end game for us? >> well, the end game, i think we share an end game with the egyptian people
'm lauren green with your fox news minute. the obama administration is expected to toughen its criticism of syria's alleged use of chemical weapons against its own people. secretary of state john kerry is due to make a statement from the state department in the next several minutes as the uggs considers possible military actions. it comes hours after united nations on the ground in syria were fired on from unidentified snipers on the way to investigate last week's alleged attack. the president says there is little doubt that president assad's troops used chemical weapons which activists say killed hundreds of people. more than 100,000 people have decide in syria's incivil war international action calls are growing. shimon peres is talking on the u.n. to take steps to stop the blood shed in the country. those are the headlines on the fox business network. now back to lori. lori: fox's lauren green, thank you. my next guest says action into syria is imminent. joining to us discuss the conflict in syria and implications for the ongoing budget battle, is greg valliere, chief political strate
for a missing teenager and the murder suspect she's believed to be traveling with. also, president obama says he'll keep the spies honest when it comes to spying on you. tonight, we're keeping him honest and digging into republican claims he's letting an nsa leaker, edward snowden, force his hand. >>> later, amazing rescues in a flood zone. you'll meet the parents of this baby. >>> two big developments that's correct lead authorities to alleged killer james dimaggio and 16-year-old hannah anderson. his car has been found in idaho, far from san diego from he
of touch screens. now, president obama has 60 days to review this decision. if he doesn't veto the order, it will go into effect. and if you remember, he vetoed the order when it came to apple. we will see what happens when it comes to samsung. becky? >>> we do have more boardroom drama at jc penney today. "the wall street journal" reports the board met late yesterday afternoon to talk about their next move. the directors are looking at ways to remove bill ackman from the board. the article also notes that it's questionable whether ackman has violated his duties as a board member. there may be a de facto board that excludes ackman. scott, i'm glad you're here for this discussion because this has gotten weirder and weirder. >> it has indeed. >> i thought it was bizarre when we first heard about what was happening. because as a board member, you wonder if he'll be operating from the inside or outside. this is more typical of an outside activist shareholder thing. charles nelson in this "journal" article raises questions whether he did anything wrong at all. he says it would be really diffi
-american constituency is the biggest base. if she runs in 2016, barack obama will be gone from the scene. it's a constituency where he crushed all of his opponents in 2012. >> she will be continuing with these policy speeches next month taking on national security. talking about a speech on national security. read between the liechbs on that one. what do you bhak it? >> she's going to write a book. she's going to be very prominent. while she says she has not made a decision on 2016, she tells her aids her inclination is not to run. she's doing everything she has to do to run. she can wait later than anybody else to say i'm running should she decide to run. she can wait later than anybody else. this keeps her out there and keeps her prominent in the national debate, keeps her prominent in talking about the issues that will matter in 2016. it's a signal, look, i can't give you that answer. you'll wait a year or more for that. i'm going to be out there and be in the mix, don't worry about it. >> don't worry about it. you will hear from me. i do want to ask you about this is an important decisio
states. the obama administration has said the use of chemical weapons would cross a red line. what happens now? we have live team coverage overseas and washington. let's start first with arwa damon live from beirut. what's the latest you're hearing, arwa? >> reporter: those images are so hard to watch and it's absolutely horrible scenes of lifeless children, doctors trying to desperately resuscitate others. i just spoke via skype with a doctor who says he is in syria, we cannot independently verify that. he said they're struggling in primitive conditions, unable to attend to all of those who are suffering the side effects of what he is also saying was a chemical attack. they look atroprine and oxygen. another volunteer medics throughout all of this, if you'll remember, he was describing the symptoms he personally felt. he said he initially lost vision and then he lost all feeling in his body, and at one point, he collapsed. now this is not the first time that we've heard claims of chemical weapons being used in syria. it is, however, the first time that the death toll from any of t
obama raised red flags in the spring. and in a letter to the congress, sebelius warned that up to 70,000 children would lose access to head start. is that figure close enough to be called truthful? >> yeah. don't you think, 57,000 children not getting services that they would typically get otherwise. this is services preparing kids for school. >> reporter: pam shah is president's of california's head start association and operates or partners with eight centers in the east bay. there are other side effects besides students losing slots. her programs had to slash school supplies, close down a center and lay off substitute teachers. the 57,000 figure doesn't tell the whole story. >> i think other people are doing the same thing trying to keep as many slots as they can keep. >> reporter: lillian covers early education for ed source and says that the 5600 slots lost in california are on par with what state educators have predicted. but the fallout is still greater. >> there is a big range of how each program has run. but cutting days has been the most popular way to avoid cutting childre
obama wants to inspire us by exercising on the white house lawn, that is great but with government it's force. >> this is not banning what you are buying but simply the size of the cup that can be used. >> john: in my hometown, they are upset about big cups of soda. they want big cups illegal. >> this is biggest thing to curb obesity. >> john: i can buy two of these, that is 32 ounces around i can buy one of these. how does this curb obesity? >> my mayor is proud he has forced every chain restaurant to clearly post calorie koont. >> there were few skeptics but nowhey are national models. >> john: that sadly that true. under obamacare all big chains will have to post calorie counts even though they don't work. professors track customers at mcdonald's burger king and kentucky fried chicken, half the customers noticed the calorie couldn't counts but they found people ordered more calories. the offer of the food police jason lugsk studied it to. >> labels don't change behavior at all. what you are doing is asking companies to undertake a cost that has essentially no benefit to the consume
the girls can accomplish and everything they can do. that's really wild. >>> president obama about to make a big decision, are we on the brink of a military attack on syria? the latest of washington tonight. we're also live in the syrian capital of damascus. why is this woman avoiding our cameras? you might, too, if your charity was raising millions for children with cancer and spending 97% of it on everything but those children. tonight, a whistle-blower explains how the operation spends your money. >>> plus, stopping the epic fire threatening one of america's scenic treasures and the water supply for a major scene. incredible scenes from the battleground. we begin tonight with the breaking news.
at the federal reserve annual compass -- fly-fishing extravanza. president obama's that law schools in the u.s. should be cut down to two years instead of three. students learn all they need from a classroom in two years. i am wondering who asked him. it is all part of this 2-day bus tour promoting ways to cut costs for students. those are some of the house stories right now on foxbusiness.com. and coming up, mortgage rates jumping. home sales plummeting. is this housing market recovery really for real? and next, officials say it was only a 30 minute problem at the nasdaq. why was that stock trading shut down running for three hours just today? we will take a look at t mixed messages on the flash freeze. ♪ ♪ >> from the fox business studios in new york city, it's "the willis report." ♪ dennis: what is a crisis without a great nickname? the nasdaq flash freeze, a public-relations nightmare. the mysterious glyphs a grounded trading to a halt also resulted in gobbledegook statements that no one could understand. joining me now, managing director at chaplain capital investments and the pre
crime sentences, obama white house ordered federal prosecutors to revmp
. that's a separate issue. kennedy your take particularly on president obama because he left me confused. great admiration. but as a president of you saying he is a failure? >> that would be overstating it. i always wish the person -- the president of the u.s. well. always wish the holder of that office as well for the country. but i think he has not been successful up to now. indeed if i may add a comment to your interesting discussion of the previous guest, i agree with both of you. it would not matter that much in one sense if the treasury was not buying -- the fed was not buying tickets unsold bonds, but the u.s. government had to be paying interest rates, that would ke a difference. that i think is the problem you're going to get. neil: of problem and our debt and our financial problems and where we stand now has said debtor country, talk about a fall from grace. >> well, look, for and a half years ago after two and a half -- turn in 32 years of american independence conduct a 7076 you had $10 trillion in debt. four and a half years later 17 tllion. you can't do this. as you said, u
. liquor was going on right now. the obama administration takes the line against this carnage and syria. >> tomorrow obscenity. charles: oil prices are spiking higher. the classic conundrum, i'm going to show you how. also a lot we can learn from the world's greatest investors, the investment gurus like warren buffett and peter lynch. the old scol approach still work in today's stock market? i say some of the dozens of the doesn't. i will discuss. and i always say the stock market is a reflection of us, america, our hopes, our dreams, our hard work and successes, and our failures. even our dispositions. see what stocks in telling us about how we feel about our neighbors. also tonight, we will speakith the ceo of a company in the middle of rebuilding america piece by piece. the story of opportunity and hope and inspiration that just may be a potential investment for your portfolio. so sit up, get off the couch, stop listening to the doomsayers. i believe in outing great american companies, and i know you can make this your market. ♪ charles: few things spook the market as much as uncer
dobbs. >> obama administration making its case for taking military action against syria, briefing lawmakers about their conclusion that syria government carried out a large scale chemical weapons attack, tonight we speak with fox news military analyst, general jack king on whether the president is justified in takes action. even without the backing of allies or the united nations. >> and questionsemain about our involvement in libya. and the terrorist
of wisconsin. a number of governors who have said we don't like obama care. we are not even implementing some of the provisions that we have the discretion to implement or not in our states. we don't think it's good for the economy. but we think it is really bad for the economy to sort of say you know what? we may go ahead and shut down the government over this. they are really worried about the economic impacts in their states and they have come out publicly and said that. >> the political risk here is that republicans could then face being blamed if the government did eventually shut down, if the president, you know, kind of called their bluff. why are republicans like rubio and paul and rand paul, why are they willing to take this risk? >> reporter: you have to look at who they are trying to appeal to and it's different than who maybe republican leaders are trying to appeal to or who republican governors are trying to appeal to. right? they are trying to appeal to a wider swath of voters when your are look at ted cruz or rand paul or marco rubio. they are looking at the right flank and tea
the obama tax rates which could be pushing them up into a 50% bracket which lends you to see a taxable equivalent yield of 9% to 9.2%. that's a lot to pass up for an investor who is getting asurety of that return. >> talking about the search for yield and reach for yield, but we tend to think of it strictly in terms of the equity markets, not muni bonds as much as we did, say a year ago. >> it's easy owe make will call because munis got hurt on the detroit concern. is that an issue we'll see further problems with other municipalities down the road? >> that's a great point, bob. i think you'll see more complicated issues per state, but those are the ones where, you know, a good portfolio manager is going to look and say what are the revenues and tax revenues that will always be there? we'll be in our cars and rvs passing through turn pikes. >> you betcha. >> but it's an important point, and also to your point about china just getting back to the global markets. you're looking at a pe ratio going forward in the capital markets in europe about 12 to 13 times versus the united states which
, a state president obama lost by just two points last year, passed a strict new voter i. sdrjts d. law being challenged in federal court. it requires all voters to show a government issued i.d., among some other reforms. former secretary of state hillary clinton is taking notice. she weighed in during a speech at the american bar association. john, let's listen. >> sweeping effort across our country to obstruct new obstacles to voting. often under cover of addressing a phantom epidemic of election fraud. not every obstacle is related to race, but anyone who says that racial discrimination is no longer a problem in american elections, must not be paying attention. and despite the best efforts of many well-intentioned election officials, discrepancies in resources across pretingss and polling stations still disproportionately affect african-american, latino and young voters. >> the republican governor in north carolina said this is common sense reform, good for the state. he thinks it ought to be in more places around the country. what do you think secreatary clinton's doing here by step
-house computer. >> interrupt your job again. >>> it's been three years since president obama signed the dodd-frank financial reform bill into law. the president hat gotten back from his vacation and immediately met with regulators today to push to speed things up. john harwood at the white house with the details. john, what can you tell us? >> reporter: maria, the meeting just broke up, it lasted over an hour. i spoke with mary jo white, gary gensler, as they walked down the white house driveway out of the complex. their description matched what the administration had said going in. it was a pep rally by the president to encourage regulators to finish the work. fewer than half of all of the regulations have been drafted. mary jo white said top priority is the volcker rule. this is just one of the elements on the president's economic agenda this week. he's also going to be giving speeches in upstate new york later in the week to push his vision of a middle-out economic growth agenda. and the president also, of course, is going to be working on the selection of the next fed chairman. ben berna
of obama care exchanges. in an interview last night, wisconsin governor scott walker warned employers can't afford the uncertainty of the affordable care act. >> we need certainty. the fact is, employers aren't seeing it. the political pressure they push back on the employer mandate, but there is incredible uncertainty about the so-called affordable care act. i visit the firms, the companies, small businesses, we don't know what is going to happen next. we're not going to take the risk, even though we have the potential to grow our economy, we have the customer base that wants us to produce more, we're reluctant to go over the 50 mark, the full-time rate. >> where does this all go next? >> for someone to say there is uncertainty in obama care, that is not the lead, obviously. you'll hear things like that from scott. the two aspects is one, yesterday, the president, up with of his hometown papers in chicago, the tribune said, bottom line, in an editorial, bottom line, let's delay and rewrite this ill conceived law, three years of attempting but failing to make this clumsy monstrosity work
obama's tax hikes on the rich will hurt the middle class and the poor by killing jobs. it was a controversy -- controversial op ed, and now rodgers is here to explain it in person. that's coming up on the "closing bell." stay tuned. make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you start using active trader pro today. so you want to drive more safely? of smart. stop eating. take deep breaths. avoid bad weather. [ whispers ] get eight hours. ♪ [ shouts over music ] turn it down! and, of course, talk to farmers. hi. hi. ♪ we are farmers bum - pa - dum, bum - bum - bum - bum ♪ right now, 7 years of music is being streamed. a quarter million tweeters are tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is gonna be big. hp moonshot. it's time to build a b
this is proof that their people have been attacked by chemical weapons. does this mean team obama will have to put up or shut up because of the so-called red line? that story and more coming up on "kudlow." [ male announcer ] come to the golden opportunity sales event and experience the connectivity of the available lexus enform, including the es and rx. ♪ this is the pursuit of perfection. ♪ a quarter million tweeters is beare tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is gonna be big. hp moonshot. it's time to build a better enterprise. together. i put in the hourswhere i am today by luck. and built a strong reputation in the industry. i set goals and worked hard to meet them. i've made my success happen. so when it comes to my investments, i'm supposed to just hand it over to a broker and back away? that's not gonna happen. avo: when you work with a schwab financial consulta
it invests money from your insurance premium. both are going up. despite president obama's suggestion that health care costs are going down, cigna has been able to get higher prices for its health insurance. ever higher prices. at the same time it has a major exposure to real estate. those seem to be getting better and better and better after taking a beating for a long time. then there's cabot oil & gas. one of the fastest growing oil and gas names in the world. cabot has a new market in new england, rapidly changing heating to cheap natural gas that will be from cabot when it gets its pipeline built. how about amgen. all time high. acquiring onyx pharma. a fresh growth injection. this combination gives amgen a fast-growing -- and once again amgen, remember, has now become a growth stock. that's exactly how -- the best bang for shareholders' bucks. lockheed martin finds itself on the all-time high list by default. supposed to be decked by the sequester. wasn't the sequester supposed to shoot them to kingdom come? they weren't. that fact has deluded and shocked wall street, which has
is ripe to invest in europe instead. >> speaking of the fed, president obama meeting with big ben and others on the dodd-frank implementation, and picking the replacement looms high. all-star panel ahead. >> worry egyptian violence costs you at the gas pump. live in the middle east where the latest violence and talk to phil flynn at the cme with the impact on our oil prices. >> and, yes, there's an app for that. the latest craze, how you can find the nearest shop for the half cro cont-donut hybrid. we'll have that story, and it's time for stocks now, every 15 minutes. lauren? >> hi, dennis, hi, nicole. stocks anxious about higher rates today. the 10-year is 287, up five of the past six sessions and red arrows for the dow and s&p. the dow with the worst week of the year last week, and now down another 15 points, crunched the numbers, and throughout the level of 150 # 40 meaning close to going below the key 15,000 level. it is the out performer here, apple, facebook, cisco, up arrows on the nasdaq. volume, of course, is light. it is august. however, the number of declining stocks to
and the world are awaiting president obama's decision on what action he may tay in the light of syria using kem rchemical weapons. with the military so stretched, what are the president's options here? we have a rundown of what the military's resources are in the region. hi, jim. >> hi, kelly. appears the markets are making more of this than the white house and u.s. military officials. they say that any strikes against syrian targets would be limited. right now, they're only looking at four guided missile destroyers that are currently in the eastern med. and possibly two submarines. one u.s. and one british. that would launch cruise missiles at a select, limited number of targets in syria, that are related to the release of chemical weapons against the syrian civilians there, just a couple of weeks ago. now, according to officials, jay carney at the white house, the white house spokesman said, regime targets are not on the target list. there is no attempt to overthrow the syrian regime, and a short time ago, british prime minister cameron said that any response from the international community
and the health care worries and back and forth on the taxes and obama wants more and we are tapering. perfect. just great. >> well, things could be worse -- you could be in india and watching the currency decline by 4% per day. >> you could be in indonesia and watching a similarly currency going down. >> the rupee. >> yes. and that is a fact. >> and the fact is that the dollar buys more rupees than you can see, whoa! any time a major currency moves almost 4% in a day, this is of course, the impact that you would expect of making indian exports cheaper which will benefit us, but a consumer-led economy there where they are trying to bring it in is complicated and then bring in a lot of goods and send them in and back out, and the equity markets there have not been performing well. >> and you are, we have not talked enough about the merging markets. >> well, they have been crushed. when you talked about the taper talk or the okay, what happens when, and forget about when qe ends, because it is not that the merging markets will take et the worst, because all they are built on is cheap money, and
believe chemical weapons were used in the syrian battlefield. this the obama administration saying causing a shift in u.s. policy towards arming the rebels. the mission for the team is not to establish who used chemical weapons but rather if they were used at all. >>> to russia where two champion sprinters apparently make a big statement by exchanging a kiss on the victory podium. >> reporte >> reporter: was it a kiss or a protest. two female russian athletes sharing a lengthy embrace on the podium over the weekend raising concerns they could be prosecuting for promoting what russia calls nontraditional sexual relations. neither athlete has yet issued a statement on the matter. >> thank you so much. >>> and they are starting to mismantle a mountain top get away that is making up the penthouse suite of a high rise in beijing. >> reporter: i want to show you the great lengths that the media here is covering the story. they have taken a drone and flown it above this enormous structure in beijing. these amazing pictures of this pretty extraordinary structure built by a chinese tralsh medicine
surrounding the affordable care act as president obama delays part of the law that keeps consumer costs down. we'll have live team coverage now with fox news in martha vineyard and liz macdonald here in new york. why is this limit on the out of pocket expenses delayed? >> actually, it turns out some insurer use separate companies to administer medical coverage in drug benefit, and the computers don't talk to each other and because different companies have different limits on out of pocket costs, they have to figure out a way to keep track of all the out of pocket costs that people are incurring. the result is some people with complex chronic medical conditions like multiple sclerosis pay more than they would have if the $6300 a person cap was in place. this delay imposing a limit on out of pocket costs was actually approved in february, but it was buried in legal and bureaucratic language on the labor department website, no one noticed until the "new york times" picked it up recently. >> interesting. what's been the republican response to all this? >> well, some say it's broof the affordable
american citizens not to travel to pakistan. meantime, president obama will hold a news conference this afternoon at the white house before leaving for vacation on martha's vineyard. andrew? >> we got a couple of corporate stories to talk about. big one, the jpmorgan now reportedly close to reaching a settlement with security regulators over the so-called london whale trading losses. bruno iksil, he was the whale in some ways, he's not expected to face charges related to the incident. apparently, by the way, he's talking and made some kind of deal or may be making a deal with the s.e.c. the other component of this is that as part of whatever settlement the s.e.c. reaches with jpmorgan, they might have to admit some form of wrongdoing or some form of admission -- >> why would the s.e.c. cut a deal with that guy when he was the rogue trader doing things that the management at the bank -- >> unclear he was the rogue trader. it seems like what has happened is as the story developed that his boss and his boss' boss may have been more rogue than he was. not iona drew. >> a few layers --
have a double whammy for home building stocks. last week president obama came out gave a speech on fannie and freddie arguing they ought to be wound down and replaced by another agency. you saw what happened on that, david, home building stocks went through the floor last week tuesday and wednesday. so now we have a double whammy, the concern about higher rates and concerns about less government support overall. that's a real problem. and the itb, the main etf for the home building industry hit a new low for the year, but it wasn't on the rates, it was on concern about fannie and freddie and the lack of support there for the mortgage market. guys, back to you. >> thanks very much, bob. that's still to come. fannie and freddie. that will be a long -- >> begin today just a football security. don't know what's going to happen. >> even the preferreds are a real risk. time for a little bit of a faber report following up on a story here. our viewers have been covering mergers and acquisitions for a long time. but rare indeed when you see a consent solicitation of the shareholders for
the violence from escalating, which is why we had the statements from u.s. president barack obama, but the response from the egyptian government to what the president was saying has been a terse one. basically saying it is not based on fact, and it is actually encouraging armed groups. you imagine that kind of response from the egyptian presidency to what the u.s. presidency is saying. that shows you as well that there are a lot of tensions internationally as well about what is happening here on the ground. >> incredibly concerning situation. yousuf, please be careful and we will check back in with you later this morning. yousuf gamal el-din. >>> oil prices have been moving on the situation over in egypt. traders fear the unrest could filter over to crude producing nations or affect the suez canal which carries a large portion of the world's oil. analysts say worries the fed could soon trim the commodity friendly stimulus are curbing gains. >>> gold extending gains today hitting two-month highs. among the catalysts, strong buy from china and short recovering after the precious met
" top spot making $25 million. >>> president obama in washington after a vacation at martha's vineyard. he's got his work cut out for him. egypt, regulation and funding the government. john harwood joins us with the latest. what's top priority? >> top priority for the president that is meeting with financial regular laters. he returned from martha's vineyard to a vacation buffeted by the conflict in egypt and other things that are pressing on a national security basis, more revelations about the nsa as well. he's got a very economic, heavy agenda as he comes to back to washington. congress is still out. he meets with the whole array across the government of regulators about trying to keep pace with implementation of dodd/frank, only 40% of the regulations are done. volcker rule is most important, trying to get that done by the end of the year. the president has also got speeches in upstate new york to press his agenda for a middle out economy. that is not likely to go too far with republicans but he's trying to soften up the ground for the fiscal debates this fall. the president has th
to work. >> you pass laws that make it more expensive to hire like obama care or raise the minimum wage, that hurts young people dramatically. >> simple cause and effect for how it is happening. people at the high end are hogging more of the overall income, that's not simple enough to explain what is happening here. >> i wouldn't dissuade you of that view. we talk about minimum wage. you don't necessary necessarily think that's t think that's wait to go either. >> this is why the huffington post writes about you, from a negative. you do sound reasonable at times. >> i can't -- >> not all the time. no. not under any means, but okay. >> coming up, why the markets were so confused by yesterday's fed minutes. did you see the intraday chart from yesterday? up, down, all over the place, crazy. what you should expect in today's session. "squawk box" will be right back. i hav e low testosterone. there, i said it. see, i knew testosterone could affect sex drive, but not energy or even my mood. that's when i talked with my doctor. he gave me some blood tests... showed it was low t. that's it. it
time. part-time jobs go along with the obama health care thing. liz is all over this with lizzie mack's bottom line. >> looks like the same debate that spouses have at kitchen table on what is going on with health reform. you know what is strikeing? this is based on government data from the bureau the labor statistics. of 963,000 jobs created, this is based on household survey, a whopping of were part-time jobs, 737. that is driving down household median income. it is helping to undercut gross domestic product, the consumer 70% of the u.s. economy. what we're seeing also, is, companies, i have the memo from forever 21, they're blaming health reform. a growing number about companies we're tracking last two years are blaming health reform. forever 21 will drop associates and other employees to part-time status. other companies are basically dropping workers to part-time status. majority of those companies we showed are blaming health reform. the other thing too that is striking, new study out of san francisco federal reserve which is the turf of janet yellen, may be the next fed chief,
been a little more skeptical. i think the long-term is more important to president obama. who is the best person to be there if we lapse back into an economical phone. hh does not want a big international crisis. we want the city growth at home. that is what he is worried about here. tracy: who is that person then? is a decision he will have to make. maybe he thinks that larry summers is the guy. we will have to wait and see, obviously. he is making sure that the larry tracy: i bet you cannot believe how much time we are putting into the discussion of the next fed chair. >> it is always a big decision. i remember when president reagan picked alan greenspan for this job. there was always a lot of attention around it. it is a big choice. what is unusual is you have a lot of people from the air outside. tracy: thank you, sir. ashley: do you think your e-mail is private? if you use google's gmail service, you should not think that. gerri willis joins us with details like the company is making that disclaimer now. gerri: anything in your e-mail is subject to scrutiny. i think this
on saturday. big day. fox business was with first lady michelle obama as she came in to kick off the entire tournament, talking to kids, trying to push the let's move campaign, wanting kids to exercise, move, things like that, but she was addressing the stadium full of children and takes the opportunity to tell the kids, basically, get a job. >> if you want to be good at anything, you have to work at it. i know your parents tell you that all the time, but i want to everyone sis that. if you want to be good at anything, put the work in. you have to show up every day. cheryl: all right. that was the first lady talking about the importance of hard work and dedication. nobody knows that better than the next guest, tony, one of the champions, and i don't even cook, so i'm excited to be next to this man, "top chef" masters, you're at the u.s. open this year, and i got to say, they are upgrading the food. why get involved? >> well, that gives us a chance to do a wine bar, a real one. we wrote a cookbook calledded wine book food, and now it's wine bars, one on the south plaza right behind us and on
a lot of dough, the president, current president, president barack obama, ramped it up. there was no chirping then. i didn't hear chirping going we're going to hit $16 trillion at midnight, let's party! no. but the effects of less government spending definitely going to slow things down because you're not paying for it but it's a good thing. somebody broke the silence, i think it was bank of america, victoria mcgrain from "wall street journal" wrote a piece on wall street journal.com and it talks about the agenda for jackson hole. it's august 22nd to 24th. think about what i was saying. wouldn't it be nice if central bankers got together and tried to really figure out how to solve some of the structural issues? but the topics that were put forth, same old thing. the natural rate of interest, financial prices at zero lower bond, the transition of unconventional monetary policy. global liquidity, cross border cap flows. it seems to me that these are the same old topics, the crisis has come and gone. maybe we need to shake things up a little bit like one of those snow glob
moved behind the scenes to quash the campaign and are insisting that obama not be pressured as he mulls to nominate. >> the president does not like people trashing those he is seriously considering for big jobs. he plainly likes larry summers. there has been a campaign against summers within the senate. you had a significant block of senate democrats who were signing their names to a letter, essentially endorsing yellen. democratic senators have publicly raised questions about whether larry summers would fit in that job. and the president doesn't like being hemmed in. we have seen this at his press conferences. saw it when he went to the hill and talked to democrats and defended pretty forcefully larry summers as somebody who had helped him a good bit, who has a lot to offer. he has been -- summers has been believed to be the front-runner for the job. don't know to what extent that is still the case. but the president doesn't like to be dictated in these sort of scolded his democratic colleagues. >> we have been looking at this, this opposition in the senate and other places that have b
that they've had a difficult time with their reputation for being obstinate as opposed to president obama. their reputation suffered in the 2011 debt crisis. they don't want to go through that again. so that's probably why we will avoid either a government shutdown or a debt default. >> we're back to reading some tea leaves definitely, john, ahead of those midterms. not too far away. thanks so much. our john harwood in washington. interesting point because it relates perfectly to the markets, to the economy, and to what the chairman says every time he's on the hill. >> he often blames congress and the fiscal drag for limiting growth right now in the economy, and what actually happens with the debt ceiling, what actually happens with the continuing resolution, we didn't think it would happen last time. you know, republicans, again, as john harwood just said, they don't want to go through it again, but it is still a significant risk to the economy and it's something the fed is considering as they decide when exactly to begin to pull back their stimulus. they don't want to have a situation w
to stop president obama reform plan. they said they should remember the political backlash the republicans suffered in 1995 and '96 because of the government shutdown. he says he is committed to stopping obamacare. we will be watching retailer aeropostale today. they say it expects another loss for the current quarter. it issals increasing the number of stores that it plans to close. all right. let's get back to the nasdaq. andrew. >> hey, thanks, michelle. i am joined by bob greifeld ceo of nasdaq omx. the man of the moment. we hope we can try to figure out what happened here. obviously, a lot of frustration. i don't need to tell you how much frustration. just explain, if you could, what exactly happened? i think most of us don't understand. >> sure. what happens is that we have a data feed which consolidates the trading for 13 exchanges. we do that for the industry. had a problem. as soon as we saw that had a problem, we had a fundamental concern. we few professional traders had access to individual data feeds, be you the traditional long investor, retail investor didn't have the same in
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